Bank Of Baku

Azerbaijani oil price exceeds $70

Azerbaijani oil price exceeds $70
# 17 January 2026 10:43 (UTC +04:00)

Azerbaijan’s Azeri Light crude oil (CIF) has seen a slight increase in price on global markets, APA-Economics.

The price of one barrel of Azerbaijani oil rose by $1.25, or 1.8%, reaching $70.54.

Note that the previous price of Azerbaijani oil stood at $69.29 per barrel.

Recall that Azerbaijan’s state budget for this year is calculated based on an average price of $65 per barrel for Azeri Light crude.

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